Bank-Owned Foreclosure in Louisville, KY 40291

Real Estate Owned In Rileywood Estates

Overview

This property is Real Estate Owned, or REO. The property was foreclosed and repossessed by a lender when the owner failed to make payments. A bank is now the owner. Since banks are not in business to own homes, they are usually interested in selling foreclosed homes quickly at attractive low prices. A list price is published but reasonable offers can be submitted for consideration. Offers can be submitted through the official Listing Agent but in some cases, no agent is listed and offers can be submitted the bank owner directly.

$138.03

Loan Amount: The amount you borrow from a lender for your home purchase.

Down Payment

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Down Payment: Amount you plan to pay up-front on the purchase price of the property. A 20% down payment is the desired amount by most lenders, but you may pay less.

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Interest Rate

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Interest Rate: The percentage rate a lender is charging on the amount of money you have borrowed for your home purchase.

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Loan Termyears

Property Tax

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Property Tax: The annual tax you pay on your property as a percentage of the total property value. This value defaults to a national average of 1.2% of the home price.

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Homeowner Insurance

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Homeowner Insurance: How much do you anticipate spending a month on homeowners insurance?

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Include PMI

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Include PMI: Private Mortgage Insurance (PMI) is required by lenders if the down payment is less than 20% of the home price. It is recommended to include this field if your down payment is less than 20% of the home price.

Apply Veterans Benefits

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If you or your spouse are active or retired military you may be eligible for special VA loan programs for veterans. The VA loan programs include benefits like no down payment and no private mortgage insurance (PMI). Learn More.

Homes for Sale in Louisville, KY

This home is located in Louisville, KY 40291 US and has been listed on Homes.com since 4 October 2017 and is currently priced at $26,700. The house is within the school district(s) Jefferson County Public Schools with nearby schools including Wheeler Elementary School, John L Ramsey Middle School, and Fern Creek Traditional High School. Similar properties nearby are 5606 Kasey Way and 3503 Lodge Ln.

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